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South Dakota Constitutional Amendment O, Proceeds of Cement Plant Trust Fund Amendment (2012)
| Constitutional Amendment O | |
|---|---|
 | |
| Type | legislatively referred constitutional amendment |
| Origin | South Dakota Legislature |
| Topic | State budgets |
| Status |  |
The South Dakota Cement-Plant Amendment, also known as Constitutional Amendment O, was on the November 6, 2012 ballot in the state of South Dakota as a legislatively referred constitutional amendment, where it was approved. The measure changed how much money taken from the state’s cement-plant trust fund each year. According to reports, the measure was sponsored by state representative Paul Dennert. The measure was introduced during 2012 state legislative session.[1][2]
Election results
- See also: 2012 ballot measure election results
The following are official election results:
| South Dakota Amendment O | ||||
|---|---|---|---|---|
| Result | Votes | Percentage | ||
| Yes | 186,956 | 56.76% | ||
| No | 142,410 | 43.24% | ||
Official results via South Dakota Secretary of State.
Text of measure
The official ballot text read as follows:[3]
Title: An Amendment to the South Dakota Constitution changing the method for distributions from the cement plant trust fund.
Explanation: In 2001, the $238 million in proceeds from the sale of the state cement plant were placed in a constitutionally created trust fund. Currently, the Constitution requires a yearly transfer of $12 million from the cement plant trust fund to the state general fund. In addition, under certain circumstances the Legislature must authorize distributions of cement plant trust fund earnings for the support of education.
Amendment O replaces the existing method for cement trust fund distributions. The amendment would require a yearly transfer of 4% of the market value of the cement plant trust fund to the state general fund for the support of education.
A vote “Yes” is for changing the method for distributions from the cement plant trust fund.
A vote “No” will leave the Constitution as it is.
Support
No formal support was identified.
Opposition
No formal opposition was identified.
Path to the ballot
Section 1 of Article XXIII of the South Dakota Constitution says that the South Dakota State Legislature can refer a proposed amendment to the state's voters through a majority vote.
The South Dakota House of Representatives voted in favor of the measure on February 13, 2012, with a vote of 64-3. According to reports, the measure was sent to the ballot after legislature passed it by the end of 2012 session.[1]
See also
External links
Footnotes
- ↑ 1.0 1.1 Mitchell Report, "SD House wants another ballot attempt to change cement plant payouts," February 14, 2012 (dead link)
- ↑ Mitchell Republic, "Legislature places balanced-budget constitutional amendment on ballot," February 29, 2012 (dead link)
- ↑ South Dakota Secretary of State, "Constitutional Amendment O," accessed August 28, 2012
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State of South Dakota Pierre (capital) |
|---|---|
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